Holocaust-Era Insurance Claims: Restoring Rights and Facilitating Recovery
This act aims to facilitate the recovery of funds from insurance policies issued during the Holocaust era. It allows victims and their heirs to pursue claims in court, even if previous court decisions prevented it. The act introduces new rules for disclosing information about these policies and provides a 10-year window to file claims.
Key points
Enables claims for Holocaust-era insurance policies to be brought in federal courts, overriding previous judgments.
Requires insurance companies to disclose information about Holocaust-era policies, allowing beneficiaries to ascertain their rights.
Establishes a 10-year statute of limitations from the act's enactment date for filing claims, providing ample time for action.
Allows courts to award triple damages if an insurer acted in bad faith.
Expired
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